Office of University Relations
SDSM& T News
501 E. St. Joseph Street • Rapid City, SD 57701- 3995
Phone: ( 605) 394- 6082/ 2554 • Fax: ( 605) 394- 6177
FOR IMMEDIATE RELEASE:
( February 18, 1998)
GENEROUS LOCAL RESIDENTS DONATE $ 575,000 GIFT
Prominent Rapid City residents Jim & Nancy Christensen and Bill & Lori Reuter, along with another local School of Mines alumni couple, provided a holiday gift to the South Dakota School of Mines & Technology and the Black Hills Children’s Home. The three couples donated a commercial building in Rapid City to SDSM& T and the Black Hills Children’s Home. The appraised value of their gift is $ 575,000.
Retired consulting engineer and Tech alumnus Jim Christensen ( GenEng ’ 57) and wife Nancy donated their ownership position in the building to two charities. Part of their gift is earmarked for an SDSM& T athletic scholarship endowment. The remaining portion of the Christensens’ gift is directed to the Black Hills Children’s Home.
With their portion of the building, Tech alumnus Bill Reuter ( ElecEng ‘ 56) and Lori, his wife, established The William & Loreli Reuter Presidential Scholarship, an endowed fund, to benefit students enrolled at SDSM& T. Bill, who has a Ph. D. degree in electrical engineering, has been Vice President of Operations at Pete Lien & Sons Inc. and recently retired.
The third couple, both alumni of the School of Mines, contributed their 50% interest in the building to support the SDSM& T athletic program through the Hardrock Club. The Hardrock Club, which is responsible for athletic fundraising efforts at the university, will use the funds for athletic scholarships and program support.
“ Support from local friends and alumni is important to the Hardrock Club, as well as the athletic and general scholarship programs,” said SDSM& T President Richard J. Gowen. “ This very generous donation will benefit all future generations of students for which we are extremely grateful.”
“ This gift represents an increase of over one- half million dollars in endowed scholarship support to our general student athlete population,” said SDSM& T Foundation President Rod Pappel. “ In addition, the generosity and leadership of these three families have provided a tremendous boost to the institution’s first- ever National Capital Campaign scheduled to be announced in April.”
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